For a Time Series Forecasting to Be Appropriate, It Is

question 18

Multiple Choice

For a time series forecasting to be appropriate, it is necessary that I.at least two series of data be available. II.The future is assumed to be like the past. III.at most, a minimum amount of environmental change will occur during the forecast period. IV.a large random element be in the data. V.detectable patterns or trends be in the data.

• A)I and II.
• B)II, III, and V.
• C)I, II, III, and IV.
• D)II, III, IV, and V.
• E)all of these.

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Definitions:

Accounts Receivable Subsidiary Ledger

A detailed ledger that tracks individual transactions with customers, supporting the summary balances shown in the main accounts receivable account.

Accounts Payable

Accounts payable refers to the amounts owed by a company to its creditors for goods or services received that have not yet been paid for.

Nominal Accounts

Accounts that are closed at the end of each accounting period; includes revenue, expense, and withdrawal accounts.

Sales Journal

A specialized accounting journal used to record all sales transactions of a company on credit.